Inside Nokia’s factory of the future

NGP Capital is a global venture capital firm with over $1.2 billion under management, investing in the U.S., Europe, India and China. We back entrepreneurs building growth-stage technology companies within the Enterprise, Mobility and Digital Health.

GetYourGuide and Deliveroo both announced new funding today, with Deliveroo raising $575M led by Amazon and GetYourGuide $484M led by Softbank’s Vision Fund. NGP Capital first invested in both companies in 2015, both investments were made in NGP Capital’s Smart Mobility theme.

Traditionally in venture capital, funds do not invest in direct competitors. “There are tremendous synergies, but on the other hand there is significant risk of tremendous conflicts of interest,” said Paul Asel, Managing Partner at NGP Capital and a longtime mobility investor.

"Amazon’s launch may discourage smaller-scale startups from entering the digital freight brokerage space, but the larger new entrants, those that have raised $50 million or more, will continue to thrive and attract capital. The industry needs to be streamlined. Now it’s going to happen in accelerated fashion.”

Winners will be provided with up to $175,000 in financial assistance and the opportunity to collaborate with experts from Nokia and Nokia Bell Labs to help grow their businesses and unleash new levels of productivity for the industrial and public sectors.

Getaround has acquired Drivy for $300M to move closer toward a shared vision of creating a world in which all cars are shared, and people everywhere are empowered to carshare – to contribute building more livable cities that are both less congested and polluted.